Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Investor Presentation (September 2025)
26 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's investor presentation, September 2025
Slide 1: Investor Presentation September 2025
Investor Presentation September, 2025
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Çimsa Çimento Sanayi ve Ticaret A.Ş. (“CIMSA”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or corre
Slide 3: A traditional cement player, transforming to a global & diversified building materials company
A traditional cement player, transforming to a global & diversified building materials company Germany Total Capacity [Hamburg] Grey Clinker 4.8 mt [Munich] Republic of Ireland White Clinker 2.3 mt Italy [Ballyconnell] [Trieste] CAC 131 kt United States Grey Clinker: 1.2 mt White Grinding 300 kt Tür
Slide 4: Grey to Green, Local to Glocal, Cement to Building Materials
Grey to Green, Local to Glocal, Cement to Building Materials Lean & diversified structure in Solid financial management & production, product & sales composition strong balance sheet Proven track record of geographical Sustained & Profitable Commercialized Sustainability expansion & greenfield inves
Slide 5: Strategic Roadmap: How We Planned The Transformation?
Strategic Roadmap: How We Planned The Transformation? Grey to Green, Local to Global, Cement to Building Materials Value Maximisation Cost Optimization Network Optimization; Increase in Alternative Fuel Usage Asset/Carbon/Energy Optimization Close Proximity to Customers in Export Markets; New Sustai
Slide 6: Strategic Initiatives: What have we done so far?
Strategic Initiatives: What have we done so far? Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed US GREY BUÑOL PLANT DOMESTIC SABANCI CALCIUM MANNOK ESKİŞEHİR AFYON SOLAR BUNOL SOLAR ESKİŞEHİR WHR CEMENT ACQUISITION NETWORK TECHNOLOGY ALUMINATE ACQ
Slide 7: Strategic Initiatives: What's on the road?
Strategic Initiatives: What’s on the road? • Announced in November, 2024. • Expected to be operational: in 1H26. • Total investment amount: USD31.8mn. • Capacity: 66k tons. • Strengthening our global leading position. 7
Slide 8: Expanding into Great Britain and the Island of Ireland: the acquisition of Mannok
Expanding into Great Britain and the Island of Ireland with the latest investment: the acquisition of Mannok Mannok; integrated manufacturer of 2024 FINANCIAL FIGURES MANNOK cement, thermal building insulation, building materials and plastic food packaging products in GB, ROI & NI. EBITDA Headquarte
Slide 9: Strategy on track! From cement to building materials
Strategy on track! “from cement to building materials” Cement Precast Aircrete Thermal Blocks Roof Tiles High-quality bagged and bulk Portland Custom built precast solutions from Aircrete blocks are high-performance High-quality, high performance Downstream composite blended cement design to install
Slide 10: Portfolio of traditional, innovative and value-added products
Portfolio of traditional, innovative and value-added products GREY CEMENT WHITE CEMENT VALUE-ADDED PRODUCTS • Target excellence and efficiency • 2nd largest white cement producer • 3rd largest CAC producer globally. • increasing alternative fuel globally. • focus on sustainability • CAC; value-added
Slide 11: Commercialized Sustainability
Commercialized Sustainability AFYON | SOLAR POWER PLANT BUNOL | SOLAR POWER PLANT ESKİŞEHİR | WHR & SOLAR POWER PLANT operational since September, 2023 operational since May, 2024 operational in 2025 SOLAR POWER PLANT WHR 7,500 3.3MW 11,000 7.2MW 25,740 14.2MW 5.5MW Solar Panels Capacity Solar Panel
Slide 12: ESG Pioneer in cement & building materials industry
ESG Pioneer in cement & building materials industry The First Cement Obtaining IREC The Environmental Score of “A” in CDP Entry into the Çimsa listed on the Company in BIST 25 Certificate for 351k Product Declaration Climate Change and Diversity&Inclusion FTSE4Good Emerging Sustainability Index. MWh
Slide 13: We innovate today for tomorrow
We innovate today for tomorrow R&D Centres 2 “Formülhane” in Mersin “Sabancı Technology Center” in Munich Patents 5 Commercialized Products 3 EU Supported Projects4 Completed R&D Projects 35 • The first R&D Center in the cement • Established in 2023 at Technical University industry in Türkiye approv
Slide 14: Customer oriented innovative solutions
Customer oriented innovative solutions RapiDome; 3D house in Mersin plant • More flexible &sustainable structures • Cost reduction, fast installation adaptability to changes Flycrete; quick solution for damaged floors • Fast setting: faster hardening, high strength output in 3 hours, acceleration of
Slide 15: 2024: EBITDA margin expansion driven by volume growth and lower input costs
2024: EBITDA margin expansion driven by volume growth and lower input costs NET SALES EBITDA & EBITDA MARGIN* NET INCOME & NET INCOME MARGIN* TRYmn TRYmn TRYmn 19.8% 9,000 9,000 17.9% 18.0% 29,604 15.0% 20.0% 8,000 8,000 28,151 16.0% 5,560 12.4% 7,000 7,000 5,287 14.0% 15.0% 6,000 6,000 4,445 12.0%
Slide 16: Deleveraging through effective working capital management and optimized business
Deleveraging through effective working capital management and optimized business Before IAS29 was effective After IAS29 was effective NWC/Sales NWC/Sales 28% 21% 15% 15% 14% 15% 10% 2018 2019 2020 2021 2022 2023* 2024 Net Debt & Leverage Net Debt & Leverage 5.14x 3.29x 2.38x** 2,000 17 ,00 0 3.0 0x
Slide 17: Increased pay-out ratio as balance sheet gets delevared
Increased pay-out ratio as balance sheet gets delevared Pay-out Ratio Dividend Yield 15.1% 0 150.0% 0 130.0% 11.3% 11.8% 10.2% 0 110.0% 0 90.0% 0 70.0% 0 4.0% 4.6% 50.0% 3.3% 3.2% 1.3% 0 30.0% 51.6% 90.4% 82.1% 78.0% 29.6% 0.0% 0.0% 0.0% 19.7% 11.7% 40.1% 21.8% 0 10.0% 2013 2014 2015 2016 2017 2018*
Slide 18: 3Q25 Snapshot
SAL 3Q25 SNAPSHOT CiM
Slide 19: 3Q25 Snapshot
3Q25 Snapshot NET SALES 3Q25 ➢ Cement consumption in Türkiye increased by 5.0% year-on-year in 7M25. TRY11,240mn ➢ Türkiye’s cement & clinker exports grew by 21.1% y/y in 8M25. +42% y/y ➢ Çimsa’s consolidated sales volume growth continued in the third quarter. Annual volume growth was 30.1% in 3Q25,
Slide 20: Organic volume growth momentum maintained in 3Q25 supported by both Türkiye & international markets
Organic volume growth momentum maintained in 3Q25 supported by both Türkiye & international markets ÇİMSA SALES VOLUME • Çimsa’s consolidated sales volume increased Consolidated Volume Breakdown- kt by 30.1% y/y in 3Q25 thanks mainly to growth y/y in trading operations and Mannok contribution. +0.6%
Slide 21: Solid revenue growth sustained on the back of Mannok's contribution
Solid revenue growth sustained on the back of Mannok’s contribution though earnings impacted by challenging base and pricing dynamics NET SALES EBITDA & EBITDA MARGIN NET INCOME & NET INCOME MARGIN +42.3% Margin: 28.0% 21.1% Margin: 20.4% 13.2% 5,000 7,000 11,240 25.0% 4,500 25.0% 6,000 +7.4% 4,000
Slide 22: Adjusted net income growth achieved in 9M25
Adjusted net income growth achieved in 9M25 Excluding the impact of SAHOL shares from both period, net income increased by 7.7%. TRYmn +7.7% 4,405 609 (73) 3,675 3,412 (21) (252) (993) 3Q25: (256) 2,776 (899) Reported 9M24 Impact of 9M24 Adjusted ∆ EBITDA ∆ Net Financial ∆ Tax ∆ Depreciation 9M25 Ad
Slide 23: Prudent balance sheet management
Prudent balance sheet management Well Diversified Debt & Cash Composition Efficient WC Management & Healthy Debt Levels 16 ,00 0 20 % 30 ,00 0 4.0 0x TRY5.4bn TRY2.9bn TRY25.5bn TRY12.2bn Consolidated Cash Çimsa TR Cash Consolidated Debt Çimsa TR Debt 14 ,00 0 18 % 2.38x 2.65x 3.0 0x 14% 25 ,00 0 20
Slide 24: Çimsa Global Vision
ÇİMSA %75 Hard Currency Revenue Generation GLOBAL VISION %70 Sustainable Product Portfolio A journey to become global sustainable building materials %40 Sustainable Energy Source company Global R&D Center and Organization SBTi Targets 2nd largest in White Cement 3rd largest player in CAC globally
Slide 25: Investor Relations Contact
Investor Relations Contact Mustafa Aydın Özge Özcan Tosun Öktem Söylemez CFO FP&A and IR Director IR Manager m.aydin@cimsa.com.tr o.ozcantosun@cimsa.com.tr o.soylemez@cimsa.com.tr investor.relations@cimsa.com.tr yatirimci.iliskileri@cimsa.com.tr www.cimsa.com.tr
Slide 26: Thank You!
cim@®) THANK YOU!
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Investor Presentation (September 2025) on 6ix